Iberdrola (OTCMKTS:IBDRY) Downgraded to “Hold” Rating by Erste Group Bank

Erste Group Bank lowered shares of Iberdrola (OTCMKTS:IBDRY) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports. Erste Group Bank also issued estimates for Iberdrola’s FY2026 earnings at $4.63 EPS and FY2027 earnings at $4.96 EPS.

Separately, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Iberdrola in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Iberdrola currently has an average rating of “Hold”.

Iberdrola Stock Performance

OTCMKTS:IBDRY opened at $91.94 on Tuesday. The stock has a market cap of $155.33 billion, a P/E ratio of 22.65, a PEG ratio of 2.33 and a beta of 0.66. The stock has a 50 day simple moving average of $92.03 and a 200 day simple moving average of $88.63. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. Iberdrola has a 1-year low of $67.85 and a 1-year high of $96.50.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.04). The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. Research analysts anticipate that Iberdrola will post 4.6 earnings per share for the current year.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.